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Argos credit card shocker
ralph_wilson
Posts: 66 Forumite
in Credit cards
I found a disturbing article in my (free) edition of Moneywise, August page 6 'Heroes & Villains'. The Argos store card is 233% APR or higher. Someone borrowing £200 over 32 weeks would pay interest at 399.7% - a total of £320.
This card (according to the article) is being promoted to people on benefits!
This card (according to the article) is being promoted to people on benefits!
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Comments
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store card i assume.
as long as there are vunerable people there will be the likes of YES car credit ect to exploit them.Better in my pocket than theirs :rotfl:0 -
I read about this in "Which" magazine the other day. Seems this card is nothing to do with Argos stores, which have their own store card charging a more normal (if still high) 25.9% APR. Argos stores were quoted as saying, in relation to the card mentioned by the OP: "Argos is not involved in managing the card, marketing or promoting it." I should imagine they would try to get it banned if people are being taken in by the use of the Argos name.0
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the card is actually issued by provident the company behind vanquis.0
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